Anyone speculating on HBD, including this casual investor example, is responsible for themselves, and their own wealth. If they don't understand what HBD is and refuse to investigate, then only the market can deliver them the information.
Well the market is delivering the information loud and clear HBD is worth more than a dollar to us!!
I could flip your statement on its head and say, any developer not understanding that HBD is being used as an investment coin and refuses to investigate or listen to the users, then only the market can deliver them the information.
There's no point in having HBD unless it's stable. Just think about how many issues there would be if the bills in your pocket were to change value all the time, even if it were to only be able to go up. The people accepting those bills would not be happy about it. An economy does better when the means of exchange is predictable.
Erm, that's how crypto works and it hasn't put me or millions off so far. Plus why does it have to be HBD? The market is telling us that Hive is more likely to be the stable coin.
An economy does better when the means of exchange is predictable.
Lol, tell that to the Bitcoin investors. BTC can lose or gain 10-20% in a day, yet still vendors across the world will accept BTC and even give you a discount for using it.
HBD as a stable token has the chance to add a lot of value to the Hive network. You just have to stop pretending it's walled off to just a blogging platform: https://hivel.ink/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination
As I said, it's value will come from its utility and its liquidity. You have to stop pretending that you can control its price for this misty-eyed ideal.
That article is so dated, Dan spouted a lot of shit while he was around, but never actually backed any of it up.
By the way SBD is over $9 dollars, there has been an 8.1% uptick in the past 24 hours and in the same period a 1.81% uptick in Steem.
I beg you and whomsoever has the power on this platform, stop messing with HBD, a higher price is always good as it will attract quality content creators who in turn add value to the Hive cryptocurrencies.
Cg